INS CODE-LONG-TERM CARE RATES. Amends the Illinois Insurance Code. Provides that issuers of all long-term care policies issued, amended, renewed, or delivered after the effective date of the amendatory Act must submit all proposed rate changes to the Director of Insurance for approval. Provides that the Director shall disapprove of rate increases he or she does not find to be reasonable in relation to benefits under the policy and that all rates are subject to all minimum loss ratio requirements under the Illinois Administrative Code. Requires the Department of Insurance to accept comments on specified rates and, on and after January 1, 2021, to submit an annual report regarding long-term rate changes in the Illinois market to the General Assembly. Effective immediately.